Common use of PAYMENT FOR EXPENSES Clause in Contracts

PAYMENT FOR EXPENSES. 13.1. Whether or not any transaction hereby contemplated is consummated, Borrower will pay: 13.1.1. All out-of-pocket expenses incurred by Lender in connection with the preparation of this Agreement and the making of any loan hereunder, including, without limitation, the fees, expenses and disbursements of counsel for Lender; and 13.1.2. All premiums for title insurance, filing and recording fees and other similar or dissimilar expenses and charges in connection with any loan hereunder. 13.2. If an Event of Default occurs, Borrower will pay all reasonable attorneys' fees, allocated costs of in-house counsel and other expenses incurred by Lender in the enforcement of its rights hereunder, whether the defaults is ultimately incurred or Lender is obligated to pursue its remedies hereunder, including, without limitation, such expenses incurred before legal action, during the pendency of any such legal action and in connection with any appeal to higher courts arising out of matters associated herewith.